LITECOIN Price Analysis 25/07/2020

Hello to the Litecoin fans out there!! And even to not so litecoin fans. 😀
It's your friendly neighborhood Lj again for another Price Analysis of an interesting crypto.

For this segment, I would like to discuss the mini break-out of LTC or LITECOIN against USD.

As we can see in the charts particularly in the color green circle, LTC made a mini break out from a really long downward channel.
This in my opinion is a really good indication but I am not saying that this will move suddenly to the upside.
But still, this can indicate that the sellers are already exhausted and more and more buyers can now step in and push the prices up.
The long consolidation is also a good thing (doing the same as BTC) because this can push away the weak hands and when the big move up comes, they will definitely be FOMO'ed (fear of missing out) and will want to enter the market again.

It is good to keep our eyes open to this particular crypto, because when this surge and break the 50 usd strong resistance,
that can really initiate a trend in the meidum-term trend from June 2019.
It's good to be always ready and on the look out for the potential movers out there so keep your eyes open guys. 😀

If you guys have some chart requests or want me to analyze a particular crypto or asset, just comment below and I will post it next. Thanks! 😀

Till next time guys and gals,
Cheers!! 😀

#LTC #Litecoin #Investing #Trading

Disclaimer: This is not a financial advice and only for educational purposes only.